CIL/SE/2024-25/69

November 14, 2024

BSE Limited National Stock Exchange of India Limited

P.J. Towers Exchange Plaza, C-1, Block G,
Dalal Street Bandra Kurla Complex, Bandra (E)
Mumbai- 400 001 Mumbai - 400 051

Scrip code: 540710 Symbol: CAPACITE

Sub: Investor Presentation – Q2 & H1 FY25

Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015

Dear Sir/ Madam,

Please find enclosed Investor Presentation for the second quarter and half year ended on
September 30, 2024.

Please take same on record.

This disclosure will also be hosted on Company’s website viz. www.capacite.in.

For any correspondence/ queries/ clarifications, please write to [email protected].

Thanking you

Yours faithfully,
For Capacit'e Infraprojects Limited

Rahul Digitally signed

by Rahul Kapur

Kapur
Date: 2024.11.14
19:08:28 +05'30'

Rahul Kapur
Company Secretary & Compliance Officer

Encl: a/a

Capacit’e Infraprojects Limited

Regd. Office: 605-607, Shrikant Chambers, Phase - 1, 6th Floor, Adjacent to R.K. Studios, Sion – Trombay Road, Chembur,
Mumbai - 400 071, India. Tel No.: +91-022-7173 3733, Fax.: +91-022-7173 3733, Email: [email protected]
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CIN: L45400MH2012PLC234318 | www.capacite.in
Capacit’e Infraprojects Limited

INVESTOR PRESENTATION
Q2 & H1 FY 25
 Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Capacit'e
Infraprojects Ltd. (the “Company”), have been prepared solely for information purposes and do not constitute any offer,
recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in
connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made
except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers
reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be
placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This
Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any
liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
This presentation contains certain forward looking statements concerning the Company’s future business prospects and
business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ
from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not
limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both
domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals,
time and cost over runs on contracts, our ability to manage our international operations, government policies and actions
regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make
any announcement in case any of these forward looking statements become materially incorrect in future or update any
forward looking statements made from time to time by or on behalf of the Company.

2
 CONTENT
Key Highlights
 Performance Snapshot

Revenue Profit Debt Equity Order Win

• Revenue from • Registered growth of • Order inflow during FY
• The Company’s Gross
operations for Q2 FY25 128% in PAT in Q2 25 (YTD) - ₹ 1,459
Debt Equity Ratio
at ₹518.0 crores, FY25. Profit After Tax crores
remains at a healthy
registering a 23% Y-o- stood at ₹ 44.9 crores level of 0.21x.
Y growth. in Q2 FY 25 as • Added another
• Registered growth of compared to ₹ 19.9 marquee client -
• The net Debt Equity
28% in H1FY25 crores in Q2 FY24. Signatureglobal
Level stood at 0.11x.
Revenue from (India) Limited during
Operations FY25

4
 Key Financial Highlights

EBIT stood at ₹ PAT stood at ₹

Q2 FY25

Revenue from CASH PAT stood at

79.5 Crs up by 44.9 Crs up by
operations stood ₹ 63.8 Crs
60% Y-O-Y 126% Y-O-Y
at ₹ 518.0 Crs up
Cash PAT margin
23% Y-O-Y EBIT margin stood PAT margin stood
stood at 12.2%
at 15.2% at 8.6%

Revenue EBIT PAT Cash PAT

H1 FY25

Revenue from EBIT stood at ₹ PAT stood at ₹ CASH PAT stood

operations stood 172.6 Crs up by 98.4 Crs up by at ₹ 137.1 Crs
at ₹ 1,087.7 Crs up 71% Y-O-Y 153% Y-O-Y
28% Y-O-Y Cash PAT margin
EBIT margin PAT margin stood stood at 12.4%
stood at 15.7% at 8.9%

5
 Q2 & H1 FY25 - Performance

23% 60% 126% 44%

Quarter

28% 71% 153% 58%

Half Year

Revenue (₹ Cr) EBIT (₹ EBIT (₹ Cr) PAT (₹ Cr) CASH PAT (₹ Cr)
Cr)
6
 Consolidated Profit & Loss
Particulars (₹ In Crs) Q2FY25 Q2FY24 Y-o-Y Q1FY25 H1FY25 H1FY24 Y-o-Y FY24
Revenue from Operations 518.0 421.6 23% 569.8 1,087.7 852.1 28% 1,931.6
Other Income 5.4 15.0 8.5 13.9 19.8 32.0
Total Income 523.4 436.6 20% 578.2 1,101.6 871.8 26% 1,963.7
Cost of Material Consumed (Incl.Construction
340.1 275.9 396.4 736.5 570.5 1,294.1
Expenses)
Employee Expenses 38.7 32.1 32.7 71.4 64.2 124.4
Other Expenses 43.9 51.2 32.7 76.6 84.1 181.8
EBITDA 100.8 77.4 30% 116.4 217.2 153.1 42% 363.4
EBITDA Margin (%) 19.3% 17.7% 20.1% 19.7% 17.6% 18.5%
Depreciation 21.3 27.7 23.2 44.5 52.2 101.4
EBIT 79.5 49.7 60% 93.2 172.6 100.9 71% 262.0
EBIT Margin (%) 15.2% 11.4% 16.1% 15.7% 11.6% 13.3%
Finance Cost 21.6 22.5 21.8 43.3 47.4 95.6
Share of Profit/(loss) of JV & Associates (net) 0.8 0.4 0.4 1.2 0.0 1.0
Profit before Tax 58.7 27.6 113% 71.7 130.5 53.5 144% 167.4
Profit before Tax Margin (%) 11.2% 6.3% 12.4% 11.8% 6.1% 8.5%
Tax 13.8 7.7 18.3 32.1 14.6 47.1
Profit After Tax 44.9 19.9 126% 53.4 98.4 38.9 153% 120.3
PAT Margin (%) 8.6% 4.5% 9.2% 8.9% 4.5% 6.1%
Other comprehensive income 0.0 0.0 -1.1 -1.1 0.1 0.8
Total other comprehensive income 44.9 19.9 126% 52.4 97.3 39.1 149% 121.1
Cash PAT 63.8 44.2 44% 73.3 137.1 87.1 58% 229.7
Cash PAT Margin 12.2% 10.1% 12.7% 12.4% 10.0% 11.7%
Basic EPS 5.3 2.7 6.3 11.6 5.5 16.1
Diluted EPS 5.3 2.6 6.3 11.6 5.3 16.1 7
 Consolidated Balance Sheet
ASSETS (₹ In Crs) Sep'24 Mar'24 EQUITY & LIABILITIES (₹ In Crs) Sep'24 Mar'24
NON-CURRENT ASSETS 700 760 EQUITY 1,614 1,517
Property, plant & equipment 578 585 Equity Share capital 85 85
Capital work-in-progress 2 9 Other equity 1,529 1,432
Intangible assets 1 1 Non-Controlling Interest 0 0
Right-of-use assets 3 3 NON-CURRENT LIABILITIES 306 289
Investments Properties 4 4 Contract Liability 53 56
Investment in joint venture 4 3 Borrowings 158 124
Trade receivables 48 86 Lease Liability 1 1
Investments 0 0 Other financial liabilities 36 44
Other Financial Assets 15 24 Provisions 3 5
Non Current tax assets (Net) 2 1 Deferred tax liabilities (Net) 55 60
Other Non - current assets 43 43
CURRENT ASSETS 2,584 2,389 CURRENT LIABILITIES 1,364 1,343
Inventories 130 111 Contract Liability 155 246
Contract Assets 1,350 1,229 Borrowings 185 202
Trade receivables 627 548 Lease Liability 1 2
Cash & Cash Equivalents 23 19 Trade Payables 891 818
Bank balances 130 190 Other Financial Liabilities 43 35
Other Financial Assets 87 99 Provisions 26 6
Other Current assets 181 148 Current Tax Liabilities (net) 37 18
Non-current assets held for sale 55 45 Other current liabilities 26 16
TOTAL ASSETS 3,284 3,149 TOTAL EQUITY & LIABILITIES 3,284 3,149
8
 Consolidated Cash Flow
Particulars (₹ In Cr) H1 FY25 H1 FY24
PBT 130 54
Adjustments 112 121
Operating profit before working capital changes 242 175
Changes in working capital (243) (230)
Cash generated from operations (1) (55)
Direct taxes paid (net of refund) (19) 12
Net Cash from Operating Activities (20) (43)

Net Cash from Investing Activities 50 (17)

Net Cash from Financing Activities (27) 39

Net Change in cash and cash equivalents 4 (21)

Opening Cash Balance 19 29
Closing Cash Balance 23 7

9
Consolidated Debt Position
Long Term (₹ Cr) Short Term (₹ Cr) Gross Debt (₹ Cr)

Debt Equity Ratio

• Gross debt equity ratio within comfort
level at 0.21x as on September 30, 2024
as compared to 0.21x as on March 31,
2024

• Healthy Net debt equity ratio at 0.11x as

on September 30, 2024

• Focus to further reduce fund based debt

in medium to long term and improve
profitability and return ratio
10
 CONTENT
Corporate Overview
About Capacit'e

Leading Construction Incorporated in 2012, Capacit’e Infraprojects is a focused EPC

Company company that provides an end-to-end construction service for
buildings and factories across sectors

Presence across Residential building, Commercial buildings, such

Presence across
as data centres and buildings for educational, hospitality and
building segments healthcare purposes etc

Successfully delivered 60+ projects across segments in the limited

Delivery Track Record operational history of 12 years. Holds Limca Book of Record for
fastest hospital construction

Capacit’e single segment focus, customer commitment and

Strong and diversified delivery track record has helped us to become preferred partner
order book as well as qualify for large public sector projects

12
Key Strengths

Track Record Order Book Execution Capabilities

Established presence and Large order book with a Diversified mix of projects
track record with focus on marquee client base across the building
building construction construction horizon

Strong Financial Experienced Team

Industry leading margin Promoters extensive
with focus on maintaining experience coupled with
strong balance sheet dedicated senior
management team

13
 Track Record

One of the few companies in the organised segment in India that

01 concentrates specifically on undertaking building construction

Track Record of successfully completing diverse projects spread

across India in MMR, PMR, NCR, Varanasi, Bengaluru, Chennai and Hyderabad 02
in the limited operational history of Company

More than 64 mn sq ft of constructed area across residential, commercial

03 and other institutional buildings

Our demonstrated experience in developing large-scale projects provides us

a crucial competitive advantage to meet the prequalification requirements 04
for the competitive bidding process for large potential projects

14
Order Book
Order inflow during FY 25 (YTD) - ₹ 1,459 crores

10,484 9,513 9,011

8,720 8,702

Order Backlog (₹ Cr) FY20 FY21 FY22 FY23 FY24

6,001
₹ 9,203 Cr 3,462
2,009
as on 148 616

Order Inflow (₹ Cr)

September 30, FY20 FY21 FY22 FY23 FY24

2024
9.9
6.7 6.5 5.3 4.7

Order Book to
Sales Ratio FY20 FY21 FY22 FY23 FY24

15
 Order Book Analysis

01 02 03
❖ Order book with higher
share of Public sector at
~73%

❖ Marquee Public as well

Private Sector clients Private v/s Public Project Split Category Split
Revenue Uptick
❖ Added another marquee
client - Signatureglobal 6% Achieved a 28%
(India) Limited during FY25. 27% 12% 13%
Y-o-Y increase in
turnover in H1
❖ Well funded projects 42% FY25.
including projects with 45% Revenue uptick to
Investments by global 73% gain further
82%
players in our clients; Momentum owing
enhancing project visibility to quality of order
book & improved
Public Private Highrise Institutional Mixed Use Liquidity condition
Other
Residential
Super Highrise

16
Marquee Clients
Public Private
Sector Sector

17
 Execution Capabilities

• Successfully delivered diverse projects spread

across India in MMR, PMR, NCR, Varanasi,
Bengaluru, Chennai and Hyderabad.
• We also offer MEP, finishing and interior services
for the projects that we work on.
• Our construction capabilities in concrete and

01 composite steel structures augment our

positioning as a building focused construction
company.

Exclusive Focus on Full spectrum of

Building Construction construction services

• Our ability to execute projects, in a timely

manner, using systems and processes that are
aligned with the specific requirements of the
building construction business, has enabled us
02
to provide differentiated services in our area of
operations.

• Our concentrated focus on construction of

buildings has also led to a high degree of
specialization in this business
18
Strong Financial
Debt
Equity
PAT
Growth
EBIT
Growth
Revenue
Growth
Net Debt Equity
of 0.11x & Gross
65% PAT CAGR Debt Equity of
between 0.21x
FY22-FY24
43% EBIT CAGR
between
20% Revenue FY22-FY24
CAGR between
FY22-FY24

With strong financial alongside our execution prowess we are confident of setting up new
performance benchmarks in the years to come.
19
 Experienced Promoters

Rohit Katyal Rahul Katyal Subir Malhotra

Rohit Katyal, Executive Chairman, holds a Rahul Katyal is MD & CEO of the Subir Malhotra is Whole time Director of
bachelors’ degree in commerce with Company. With a deep understanding of the Company. He holds a bachelor’s
specialization in financial accounting and the construction industry and experience degree in civil engineering (honours) from
auditing. He brings over 27 years of spanning over 25 years, he brings the BITS, Pilani. He has over 30 years of
invaluable experience in the field of Civil expertise in project management,
Industry experience.
Construction and Finance. budgeting, resource allocation & client
relations, enabling the Company to
He currently leads the financial planning, deliver projects with excellence and
budgeting and compliance function, efficiency. He leads Business Development and
ensuring adherence to the highest Operations for the Company's Northern
standards of governance and He leads the Company's strategic India operations, driving growth and
transparency. planning, emphasizing growth, efficiency efficiency in the region.
and sustainability.
20
Our Creations
Lodha – The Park Piramal - Mahalaxmi

21
Our Creations
Lodha – Altamount SBUT Nahar Excalibur

22
Our Creations
Four Seasons Auris Serenity Oberoi Enigma

23
 Our Creations
Siemens - Worli BDD - Worli
Hubtown – 25 South

24
Our Creations
Raymond Thane Godrej - Emerald

25
 CONTENT
Historical Financial
 Consolidated Profit & Loss
Particulars (₹ In Crs) FY22 FY23 FY24 CAGR
Revenue from Operations 1,335 1,799 1,932 20%
Other Income 13 10 32
Total Income 1,348 1,808 1,964
Cost of Material Consumed (Incl.
931 1213 1294
Construction Expenses)
Employee Expenses 109 128 124
Other Expenses 82 106 182
EBITDA 227 361 363 27%
EBITDA Margin (%) 16.8% 20.0% 18.5%
Depreciation 99 136 101
EBIT 128 225 262 43%
EBIT Margin (%) 9.5% 12.4% 13.3%
Finance Cost 67 89 96
Share of Profit/(loss) of JV &
-1 0 1
Associates (net)
Profit before Tax 60 136 167
Tax 16 41 47
Profit After Tax 44 95 120 65%
PAT Margin (%) 10.2% 5.3% 6.1%
Cash PAT 144 240 229
Cash PAT Margin (%) 17.8% 13.3% 11.7%
27
 Consolidated Balance Sheet
ASSETS (₹ In Crs) Mar'24 Mar'23 EQUITY & LIABILITIES (₹ In Crs) Mar'24 Mar'23
NON-CURRENT ASSETS 760 886 EQUITY 1,517 1,073
Property, plant & equipment 585 648 Equity Share capital 85 68
Capital work-in-progress 9 20 Other equity 1432 1006
Intangible assets 1 1 Non-Controlling Interest 0 0
Right-of-use assets 3 3 NON-CURRENT LIABILITIES 289 344
Investments Properties 4 7 Contract Liability 56 132
Investment in joint venture 3 1 Borrowings 124 112
Trade receivables 86 97 Lease Liability 1 2
Investments 0 0 Other financial liabilities 44 44
Other Financial Assets 24 21 Provisions 5 2
Non Current tax assets (Net) 1 25 Deferred tax liabilities (Net) 60 53
Other Non - current assets 43 63 Other Non Current Liabilities 0 0
CURRENT ASSETS 2,389 1,726 CURRENT LIABILITIES 1,343 1,195
Inventories 111 99 Contract Liability 246 179
Contract Assets 1229 924 Borrowings 202 258
Trade receivables 548 348 Lease Liability 2 2
Cash & Cash Equivalents 19 29 Trade Payables 818 634
Bank balances 190 146 Other Financial Liabilities 35 55
Loans 0 0 Provisions 6 5
Other Financial Assets 99 34 Current Tax Liabilities (net) 18 9
Other Current assets 148 147 Other current liabilities 16 53
Non-current assets held for sale 45 0
TOTAL ASSETS 3,149 2,612 TOTAL EQUITY & LIABILITIES 3,149 2,612

28
 THANK YOU
Capacit'e Infraprojects Ltd. Marathon Capital Advisory Pvt. Ltd

Mr. Rajesh Das (CFO) Mr. Amit Porwal / Mr. Rahul Porwal
[email protected] [email protected] /
www.capacite.in [email protected]
+91 9819773905 / +91 9967576900
www.marathoncapital.in